Mahanagar Gas Ltd (MGL)

High-Frequency Trading Seen in Mahanagar Gas Ltd Stock - 24 Apr, 2024

Mahanagar Gas Ltd saw high-frequency trading on March 23, with HTFs executing trades at lightning speeds. MOIL hit a 52-week high on the same day.

Mahanagar Gas Ltd Stock Resilient Amid Sell-Off in Mid and Small-Cap Shares - 16 Apr, 2024

Despite a sell-off in mid and small-cap shares, Mahanagar Gas Ltd's consistent operating performance in a challenging environment has helped its margins remain resilient. ICICI Securities sees long-term gains from the Unison acquisition, while the recent cut in CNG prices helps it stay competitive against diesel and petrol.

Mahanagar Gas Ltd's Stock Up by 20% in Last Three Months - 08 Apr, 2024

Mahanagar Gas Ltd's stock has seen a significant increase of 20% over the last three months. An article discusses the company's ROE, earnings growth potential, and dividend payout ratio.

Mixed Outlook for Mahanagar Gas Ltd - 06 Apr, 2024

ICICI Securities predicts an 11% YoY improvement in EBITDA and a 7% YoY jump in PAT for CGDs, driven by lower gas costs and stronger volumes. However, Emkay Global estimates a 7% decline in MGL's EBITDA due to lower realization and range-bound gas costs. IGL is estimated to witness 11% growth in its EBITDA at Rs 628 crore with nearly 6% volume growth on year. MGL could see better volume growth at 9% from last fiscal.

Prabhudas Lilladher Downgrades Mahanagar Gas Ltd Rating Amid EV Adoption - 02 Apr, 2024

Finance house Prabhudas Lilladher downgraded Mahanagar Gas Ltd's rating from reduce to sell with a TP of Rs 1,124 based on 12x FY26 EPS. The report suggests that the adoption of electric vehicles may pose a threat to the dominance of compressed natural gas (CNG) sector in India, which could limit the future of city gas distributors like MGL amid the EV surge.

MGL Upgraded by Citigroup; Expects Capex Spend in FY25 - 27 Mar, 2024

Citigroup has upgraded Mahanagar Gas Ltd (MGL) to neutral from sell with a target price of Rs 1,405. Meanwhile, MGL expects to spend about Rs 950 crore in FY25, including capex planned for Unison Enviro Private Limited, which it made a wholly owned subsidiary last month. The company plans to expand to newer geographical areas in Maharashtra and Karnataka, set up around 50 compressed natural gas pumps, and enhance infrastructure.

ICICI Securities Recommends Buying Mahanagar Gas Ltd Stock - 26 Mar, 2024

Mahanagar Gas Ltd (MGL) is trading at a discount to peers, making it an attractive opportunity to enter the stock. Recent price cuts by the company will help maintain competitiveness despite reduced petrol/diesel prices.